I read the financials from the 3rd Q of 2012 as you could. Money is there, just getting killed with expenses. Know you'll cut your loss in half if you double down...and cut it in half again if you double down on that new total...etc etc.
Check out RVM. Maybe you can make your losses back there. The bottom is in there.
Nothing new that I know of is being reported. Realize KWK is a high-risk stock. If you have the stomach for it, hold on until after Feb. 25. The last report was dismal, as I recall. Otherwise, hope whoever's selling off gets done soon, and look for a bounce. I don't know what you paid for it, but the technicals suggest 3 is a good price short-term.